This thesis, with special emphasis on African recipient countries, aims to compare and clarify the foreign aid practices adopted by China and South Korea. While South Korea is mostly portrayed as an emerging donor country intending to tie economic relations to recipients, China draws a very diverse audience with reactions to its aid policy ranging from strong suspicion to sincere curiosity.

In this thesis, we examine relationships between economic indicators such as population, Gross Domestic Product (GDP), GDP per capita, trade, Foreign Direct Investment (FDI), energy production of African recipient countries and the foreign aid policies of these two donors. Through the statistical research method of panel data analysis, we found that the Chinese government has a tendency to provide its aid to more populous African countries, while the often hypothesized China’s resource-securing aid intention is not confirmed. In the case of South Korea, Seoul has a more risk-avert attitude in its Official Development Assistance (ODA) by providing these funds to higher income-level recipients.

1. English sources

<Books and Chapters in Books>

Brautigam, Deborah (2009), The Dragon’s Gift: The Real Story of China in Africa, New York: Oxford University Press.
(2008a), China’s Foreign Aid in Africa: What Do We Know, in Rotberg , Robert I. (ed.) (2008), China into Africa: Trade, Aid and Influence, Massachusetts: World Peace Foundation.
Collins, Gabriel B. (ed.) (2010) China’s Energy Strategy: The Impact on Beijing’s Maritime Policies, Annapolis: Naval Institute Press.
Li, Anshan (2008), China’s New Policy toward Africa, in Rotberg , Robert I. (ed.) (2008), China into Africa: Trade, Aid and Influence, Massachusetts: World Peace Foundation, 21-49.
Michel, Serge and Beuret, Michel (2009), China Safari: On the Trail of Beijing’s Expansion in Africa, New York: Nation Books.
Rotberg, Robert I (ed.) (2008), China into Africa: Trade, Aid and Influence, Massachusetts: World Peace Foundation.

<Periodicals and Other Publications>

Blaise, Severine (2005), “On the Link between Japanese ODA and FDI in China: a Microeconomic Evaluation using Conditional Logit Analysis”, Applied Economics, 37(1), 51-55.
Brautigam, Deborah (2010), “China, Africa and the International Aid Architecture”, Working Paper Series N. 107, African Development Bank Group, 1-48.
(2008b), “China’s African Aid: Transatlantic Challenges”, The German Marshall Fund of the United States, 1-32.
Davies, Martyn (2008), “How China delivers development assistance to Africa”, Centre for Chinese Studies, University of Stellenbosch, 1-70.
Garner, Matthew (2007), “Old Friends, New Partnerships: Chinese Foreign Aid to Africa and its Relation to Chinese Security Interests”, National Chinese Flagship, The Ohio State University, 1-79.
Hurst, Cindy (2006), “China’s Oil Rush in Africa”, the Institute for the Analysis of Global Security, 1-22.
Kang, Sung Jin, Lee, Hongshik and Park, Bokyeong (2010), “Does Korea follow Japan in foreign aid? Relationships between aid and foreign investment”, Japan and the World Economy, 1-9.
Kimura, Hidemi and Todo, Yasuyuki (2010), “Is Foreign Aid a Vanguard of Foreign Direct Investment? A Gravity-Equation Approach”, World Development, 38(4), 482-497.
Lagerkvist, Johan (2009), “Chinese eyes on Africa: Authoritarian flexibility versus democratic governance”, Journal of Contemporary African Studies, 27(2), 119-134.
Lancaster, Carol (2007), “The Chinese Aid System”, Center for Global Development Essay, 1-7.
Lum, Thomas, Fischer, Hannah, Gomez-Granger, Julissa and Leland, Anne (2009), “China’s Foreign Aid Activities in Africa, Latin America, and Southeast Asia”, Congressional Research Service, 1-21.
Sanfilippo, Marco (2010), “Chinese FDI to Africa: What Is the Nexus with Foreign Economic Cooperation? ”, African Development Review, 22(S1), 599-614.
Schiere, Richard (2010), “Building Complementarities in Africa between Different Development Cooperation Modalities of Traditional Development Partners and China”, African Development Review, 22(s1), 615-628.
Takamine, Tsukasa (2006), “The Political Economy of Japanese Foreign Aid: The Role of Yen Loans in China’s Economic Growth and Openness”, Pacific Affairs, 79(1), 29-48.
Woods, Ngaire (2008), “Whose aid? Whose influence? China, emerging donors and the silent revolution in development assistance”, International Affairs, 84(6), 1205-1221.

<Websites>

Chinese Ministry of Commerce (http://yws.mofcom.gov.cn/)
Development Assistance Committee (DAC) of Organization of Economic Cooperation and Development (OECD) (http://www.oecd.org)
Energy Information Agency (http://www.eia.doe.gov)
Korean Statisticican Information Service (http://www.kosis.kr/)
Ministry of Strategy and Finance (http://www.mosf.go.kr)
National Bureau of Statistics of China (http://www.stats.gov.cn/english/statisticaldata/yearlydata/)
World Bank database (http://data.un.org/)

2. Chinese sources

中国对外经济统计年鉴 2002-2005 (China Foreign Economic Statistical Yearbook 2002-2005)，国家统计局贸易外经统计司 编, 中国统计出版社.
中国贸易外经统计年鉴2006-2008 (China Trade and External Economic Statistical Yearbook 2006-2008), 国家统计局贸易外经统计司 编，中国统计出版社.
中国商务年鉴 2004-2009 (China’s Commercial Yearbook 2004-2009), 中国商务年鉴 编辑委员会 编，中国商务年鉴出版社.
中国统计年鉴2003-2008 (China Statistical Yearbook 2003-2008),中国统计编辑委员会 编, 中国统计出版社.
张汉林，袁 佳，孔 洋（2010）, “中国对非洲ODA与FDI关联度研究(A Study on the linkage between China’s ODA and FDI to Africa)”，世界经济研究，2010年 第11期 (Serial No. 201), 69-74.

3. Korean sources

대외경제협력기금 20년사 (Economic Development Cooperation Fund 20 Years), 재정경제부/한국수출입은행.
해외직접투자통계연보2004-2007 (Overseas Direct Investment Statistics Yearbook 2004-2007), 한국수출입은행.